§ 29. Mr. Kinseyasked the Chancellor of the Exchequer by how much the revenue derived from purchase tax on food and import duties on food changed each year between 1964 and 1971.
§ Mr. Maurice MacmillanThe information is as follows:
Wine duty—7.4.65, 21.7.66, 20.3.68, 23.11.68, 16.4.69.
Beer duty—7.4.65. 21.7.66, 23.11.68
Oil duty—11.11.64, 21.7.66, 11.4.67, 19.3.68, 22.11.68, 15.4.69.
If estimated current consumption were to be taxed at the rates in force before October, 1964, the annual yields of the individual taxes would be less by approximately the following amounts:
£ million Purchase tax 355 Tobacco 260 Spirits 130 Wine 40 Beer 125 Road fuel 510 Total 1,420 These figures are not, however, accurate indications of the changes in yield due to higher tax rates, since no reliable estimates can be made of the higher level of consumption which would have prevailed if tax rates had been unchanged since 1964. The figure for purchase tax assumes that all items now subject to the tax were liable in 1964.